Based on the NWT Bureau of Statistics, diamond mining is the biggest contributor to the territory’s gross home product – C$588 million out of C$4.25 billion in 2023.
Key components of the financial contribution of the Gahcho Kué mine embrace:
- Gahcho Kué has a tiered contracting construction that provides choice to Indigenous and NWT companies.
- Since 2006, C$5.3 billion has been spent with native and Indigenous enterprise within the Northwest Territories and northern Ontario by Gahcho Kué and De Beers Group’s wholly owned Snap Lake (NWT) and Victor (Ontario) mines. (Snap Lake and Victor are actually in energetic closure).
- In 2023, 69% of the Gahcho Kué mine spend was with NWT and Indigenous firms, totalling C$228 million, the very best quantity spent with NWT companies since building.
- In 2023, C$90 million was spent with firms operated by the mine’s influence profit settlement (IBA) communities.
- From 2006 to 2023, Gahcho Kué and Snap Lake mines have contributed a mixed C$26.5 million in social funding inside the NWT.
- Gahcho Kué has additionally made vital funds to Indigenous communities when it comes to six IBAs and has paid useful resource royalties to the federal government of the NWT.
Gahcho Kué was formally opened in 2016 and now gives 663 full-time equal jobs, together with 245 jobs held by NWT residents.
The mine is positioned about 280 km northeast of Yellowknife, NWT, on the standard territories of Tlicho, Dene and Metis peoples. De Beers is the 51% proprietor and operator. Mountain Province retains the remaining 49%.
In 2023 the mission mined 3.3 million tonnes of kimberlite and recovered almost 5.6 million carats (on a 100% foundation). Steering for 2024 is 4.2 million to 4.7 million carats.